HONG KONG, 4 November 2025 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has assigned ‘BBBf’ Fund Credit Quality Rating (“FCQR”) to Income Partners Managed Volatility High Yield Bond Fund (“the Fund”), an RMB-denominated investment fund, established in July 2011, domiciled in Hong Kong, and managed by Income Partners Asset Management (HK) Limited (“Income Partners”). The Fund’s investment objective is to maximize total investment returns, comprising capital appreciation and interest income by investing primarily in high yield debt instruments.